BrazilLPW Corporate acquires Walter Piscine from Dutch group
LPW Corporate, a Belgium-based manufacturer of swimming pools, has acquired Walter Piscine from Dutch group Losberger De Boer, in a deal advised on by M&A consultants form BOLD Corporate Finance.
The deal adds a team of 27 professionals to LPW’s headcount, and bolters its expertise in specialist pool manufacturing, as well as adding a sales footprint across Europe’s largest economies: France and Germany, including the German speaking countries of Austria and Switzerland.
Founded over two decades ago, Walter Piscine is located in Brumath (Strasbourg). The company, which became part of Losberger De Boer in 2003, designs its pool-related products such as covers and decks in-house and manufactures them in its own 2,500 m2 production facility in France.
With a track record of over 50 years of experience in the design, production and installation of swimming pools, Aarschot-based LPW Corporate is one of Europe’s leading players in its segment – high-end one-piece pools, in full vinyl ester resin. Walter Piscine becomes the firm’s third label, alongside LPW Pools (Belgium, Switzerland, United Kingdom and The Netherlands) and Covrex (pool covers distributed in 30+ countries).
Commenting on the acquisition, LPW Corporate’s management said, “The acquisition of Walter Piscine fits very well to our strategy to offer our customers a broad range of high-quality swimming pools and covers. There are strong synergies; product lines are complementary and the two companies strengthen each other’s international presence.”
Seller Losberger De Boer decided to sell its stake in its French subsidiary to focus on its main business line: providing accommodation such as tents and accessories for large scale events. “The divestment is part of our strategy to focus on our core businesses offering high quality, fully integrated temporary and semi-permanent spatial solutions,” said a spokesperson of the firm in a press statement.
The deal between the Dutch, Belgians and French was managed by BOLD, which assisted the management of Losberger De Boer and Walter Piscine in the deal executions and supported the carve-out in the run up to closing and in preparation of future cooperation between seller and buyer on the site in Brumath.
